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DC-Based SnagFilms Raises $6 Million in New Funding; New Enterprise Associates participated

01/18/2013

SnagFlims, the DC-based documentary and indie films site founded by Washington Capitals and Wizards owner Ted Leonsis, said it has raised $6 million in a new round of funding. Participants included previous backers Leonsis, New Enterprise Associates (NEA), Comcast and Terry Semel, as well new investor CNF Investments. The company now has raised $23 million since its founding in 2008. SnagFilms, which now carries more than 4,000 films, announced the news at the Sundance Film Festival.